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To: Rarebird who wrote (56133)	7/12/2000 8:02:46 PM
From: long-gone	Respond to of 116816

Not Clinton's IMG anymore? IMF Says More U.S. Rate Rises Needed Wednesday, July 12, 2000 By Glenn Somerville WASHINGTON — The Federal Reserve should keep pushing interest rates higher to ensure U.S. inflation remains tame in the best interests of the global economy, the International Monetary Fund said in a statement released on Wednesday after consultations with the Treasury Department. The international lending agency said it was worried that U.S. consumer demand was so robust that it risked triggering wage and price inflation unless it was reined in quickly. But the fund stopped short of recommending another hike in short-term rates when Fed policymakers next meet on Aug. 22. "The IMF staff believes a further tightening of monetary policy will be required to ensure that inflation remains under control," the fund said, adding "decisive policy action" was needed because the United States could not count on restraint in wages and import prices forever. It said that sustaining current high U.S. stock prices also depended upon bringing demand back into line with increases in output. "If not reined in, such rapid demand growth threatens to undermine the prospects for sustained noninflationary growth," the IMF said. The IMF said the Fed had "acted appropriately" in raising interest rates in May — the sixth rate rise since mid-1999 — and noted that while it did not raise rates at the conclusion of its most recent policymaking session on June 28, it did warn about continued inflation risks going ahead. While the IMF said it considered more U.S. rate rises necessary, (cont) foxmarketwire.com

To: Rarebird who wrote (56133)	7/13/2000 7:08:08 AM
From: long-gone	Read Replies (1) \| Respond to of 116816

CNBC is reporting DBRSY has announced it can NO LONGER control the diamond market of the whole world.......... All cartels die..........

To: Rarebird who wrote (56133)	7/13/2000 8:47:26 AM
From: long-gone	Respond to of 116816

Wednesday July 12 9:42 PM ET Chase Manhattan Bank May Have Helped Nazis Loot Art By Joan Gralla NEW YORK (Reuters) - The World Jewish Congress charged on Wednesday that Chase Manhattan Bank helped the German ambassador to France loot Jewish-owned artwork during the Second World War. The WJC's executive director, Elan Steinberg, said that according to a U.S. Treasury Department report, Chase's French branch was actively aiding Nazi Germany in securing assets. ``There is evidence that German assets were placed at Chase, which were used in transactions involving Jewish looted art,'' Steinberg said. The 1945 Treasury report, declassified two years ago and provided to Reuters by the WJC, said that on May 30, 1944, the German embassy deposited (cont) dailynews.yahoo.com